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I'm anticipating 10-12 range on it as possible (& maybe 9 is small chance if gold were to drop toward 1180 again). But anyhow i agree that down toward 10 would be a blessing and would want to buy JNUG
Regardless of that, more pressure can mount a little more yet if good economic data occurs yet next week and so forth in June
Thanx. And you make a good added point, that there can be down pressure in June yet on gold until contract roll over, which at that point in late June likely will be extra positive for gold & thus JNUG for later in summer. So if we get more weakness yet in June, it's a buy opportunity.
In terms of a short term spec trade, .01's probably would be good area to buy
LOL. You just couldn't handle that earlier I pointed out we may see some more weakness in June yet on JNUG
I called the gold miners (JNUG) as a buy last December 2013, & in late Feb thru March 2014 said to buy JDST for scale-in, so my record speaks for itself.
I DID SAY it made a good Day Trade. I don't care if you think I know anything. Do what ever you want. Think what you want.
Yeah, ok. I think we just are getting an oversold bounce on JNUG/Gold & people should not be fooling themselves thinking it bottomed already. I seriously think more weak hands will sell into next 1-2 weeks sometime. Then I'll be buying JNUG (12 or less?)
Pushing toward a new low on more selling, diluting, etc. It's severely down post rev-split... LOL.
Risk of .01's still likely in my view, whether people like it or not. Assessment of reality & facts is necessary.
Actually down now after hours from close -- FYI
I think JNUG & miners are going to become even cheaper in next 1-2 weeks in June... then I'm buying, at least that is my strategy to error on side of caution of what direction is yet and that gold is likely heading down to 1200-1225. JNUG making a nice day trade stock (as usual) this week, but I'm not convinced it bottomed at 13. I've been saying to look for lows near June on JNUG the last 3 months (so far correct) & I'm sticking to that thesis, waiting for some more weakness on miners before entering for a Summer trending swing trade (and I think JNUG will return to 25-30's in summer, but still risk to 12 or less yet first in my view) .
Thanks. And same to you!
I still think that waiting for first NASDAQ warning for minimum 1.00 bid rule (after 30 days) is best idea here. It likely will sell off a little more yet after that news is released, and is due out anytime now. I will be a big buyer of it after that news is factored in (.60's?? - .50's??).
I think it is very oversold already, but do not pay heed to pumpers here. It can still have a leg lower once NASDAQ warning news is publicized (possible next week).
hmmm, so .90 yesterday you said, and now today you think .20 on BAXS??? Are you by chance schizo?
Sold out... & made a 20% profit that was set up on my stop-loss today. i was hoping for a run above .35+, maybe .40-.50, but in this market and knowing the risk of PAL, I am not a fool, so I'll be happy with the 20% profit.
**With all that said, I will watch this for re-entry.
Good luck to holders of PAL, but understand 'luck' is not a good strategy. Be aggressive & a vigilant trader.
Waiting for first NASDAQ warning
RESTORED by me for all to see.
Best Wishes all
and i updated the board to reflect BAXS (and not the former TSON).... I guess someone had to do it!!!! LOL
...That was the case until late this evening. I was just approved as a moderator at BAXS so there can be a more fair balance here.
Best Wishes to all
Palladium is part of the speculation, but PAL become oversold from excessive dilutive financing(contrary to palladium prices upwardly moving), so it is mainly about the technicals & trading a rebound. PAL financials are questionable in coming months, so I only speak about strategy for short term trade swings.
My original thesis was .22-.26 as apps target for low range on PAL. Hopefully the .35, and .40-.50 ares will come true next.
After seeing the low target of .02's happen, my thinking recently is that it may breach even lower yet in my opinion (which i recently have stated already). MACD, RSI, momentum are examples of how a further decline short term looks to be shaping up. And the dilution is creeping in more intensely along with the bid/ask spread getting closer together. The amount of outstanding shares by % has increased a lot over the last month since the rev split. And even though it is still currently a low float stock, does not mean it can't drop lower. They just print new shares & repeat the reverse splits. However, is the there a trade to be had here?? Yes, possible in near future if one is shrewd & patient enough & then sells on the short term bounce after. But under .02 may happen yet toward .01 before we see great buy opportunity in my view.
Oh funny!! more like .66-.67 at end of day
As a reminder, I was warning for many weeks ever since April of low .20's possible, & I later posted 3 weeks ago in early May that I went long and held on to the shares finally, & I'm still long PAL since .24's avg (with no stop-losses taken out this time). I also said upside to .35-.40's, maybe .50's for a trade eventually by summer. All this in my post history here.
Those who trashed me during the past weeks have nothing to say of course.
Your claims are merely backed up by only your words so THAT IS NOT PROOF of credibility, and 2nd you began posting BAXS bottomed a while ago already which proves your timing on it shows you don't have credibility. You are just a constant pumper who pretends to be smart, so forgive me if I see through your obvious BS & constant blathering & big talking claims.
You're talking to the wrong guy on that. I've so far only been right on ELRA trades (buy/sell). But good luck to you on 'profits'. However earlier you were questioning if a sale was a short or dilution, so evidence arbitrarily indicates you are a rookie or very naive.
Great!! Then you will understand your losses, and why your strategy reflects your poor skills & poor comprehension of basics of trading
My emphasis was simply that you act surprised that there are sellers (whether naked shorting or any short or any dilution), & in reality if you know anything--- then you should not be surprised at that. You misunderstood my post. So, "can YOU read"???? I doubt you won't comprehend my posts again. You are too naive to be aware of the type of sellers on ELRA
Dilution? Do ya think???? LoL
you've said bottom & pumped this countless times in past weeks. You lack credibility
Waiting for first NASDAQ warning for minimum 1.00 bid rule (after 30 days). It likely will sell off a little more yet after that news is released, and is due out anytime now. I will be a big buyer of it after that news is factored in (.60's?? - .50's??)
My statements previously on "knowing sometimes when to accept a loss" is relevant to a trader/investor that is not down -75 or -90%, etc, for a long sustained period. But is meant for a trader who is down early on(perhaps -5-20%) & makes a good judgment to sometimes accept a loss before it becomes much worse, and not like some people who refuse to accept reality & continue to avg down again and again and again on an equity (ELRA) that continually makes new lows as a trend.
If you happen to be one that has been down a long time & the sale now is not worth the tiny redemption, then I'm obviously not referring to you in such context.
(and why do I even need to explain this?)
My prior posts are not generally saying people should just sell all together. Everyone's case is unique.
Best of luck to you))
Could also be a screaming buy opportunity in near future at 12, 11, 10. Keep that in mind
If you've seen some of my past posts, you'd know I'm not in favor of this stock as a longer term play. It is only worth short term swing trading in my view. And what I'm saying is this is not the type of stock to keep averaging down on as it drops, which is what many at this board have done and continue to make the mistake of doing. A good trader (or even an investor) knows when to take s loss as necessary sometimes rather than continuing to add to a losing position again and again as it lowers.
My .02's speculation has totally come to fruition so far (.024 today). This thing sure seems to be on a stinking downtrend. When I look at momentum & MACD for example, it makes me think even lower yet for it is possible. More mind boggling is as it makes new all-time lows every week, the pumpers continue to keep telling themselves it will recover & unfortunately don't face reality about correct strategy on ELRA
I would not assume a repeat of December 'bottom' in 12's area as bottom again.
Gold has a large chance to go to $1215 or re-test 1180 per ounce. If that happens, JNUG goes to 11.50 or 10 area, with 9 possible in an extreme case. However, if you do buy @ 12 area, use scale-in strategy (don't call in there at 12 and assume bottom).
And with that said, I think JNUG eventually sees at least 25+ later this summer, with 35 possible if gold breaks to 1400 again.
But in the interim, one must not be assuming any bottom early on. I think gold & miners probably bottom this month in June, but a lot of downside can occur yet.
Yes, some more weakness may be due on miners around June yet, but it will be a buy opportunity again. (I pointed out the opportunity last December on JNUG, NUGT, & others such as RBY, SVM)
I've been waiting for this late Spring sell off to 14 or under!! I'm not long JNUG yet, but interested soon. Also like SVLC, BAA, GSS
HILARIOUS!! And well put
Just don;t categorize me or anyone inappropriately, that's all. It is simple.
Have a good weekend
Ok Grandpa... LOL. What ever you say!! Obviously after perusing your profile, you seem to be the real credible type to make correct assertions about others. ha ha